IT major Infosys approves Rs 51 crore ESOP grants for CEO Salil Parekh

India’s second largest IT company Infosys’ board has approved the grant of stock incentives or Employee Stock Option Plans (ESOPs) worth over Rs 51 crore to CEO and MD Salil Parekh.

These stock incentives are under various heads including ESG and equity, and add up to over Rs 51 crore.

In a recent filing, the company said the board, based on the recommendations of the Nomination and Remuneration Committee, approved the said annual grants to Parekh, as per his employment agreement approved by shareholders.